Forum Financial Management LP Purchases 306 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Forum Financial Management LP grew its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,575 shares of the transportation company’s stock after acquiring an additional 306 shares during the quarter. Forum Financial Management LP’s holdings in United Airlines were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UAL. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the 3rd quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new position in shares of United Airlines during the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the 2nd quarter valued at $30,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines during the 3rd quarter valued at $36,000. Finally, Crewe Advisors LLC purchased a new position in United Airlines during the 1st quarter valued at $32,000. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America boosted their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Susquehanna upped their target price on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Barclays upped their target price on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, TD Cowen upped their target price on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

United Airlines Trading Down 4.0 %

UAL opened at $77.25 on Tuesday. United Airlines Holdings, Inc. has a 52 week low of $36.23 and a 52 week high of $81.35. The business has a fifty day simple moving average of $58.99 and a 200-day simple moving average of $52.26. The firm has a market cap of $25.41 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.96 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the business posted $3.65 earnings per share. On average, equities analysts expect that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current year.

United Airlines announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by company insiders.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.